Super Micro Computer, Inc. (NASDAQ:SMCI) Given Average Recommendation of “Hold” by Analysts

Super Micro Computer, Inc. (NASDAQ:SMCI) has earned an average recommendation of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $53.00.

Several equities analysts have commented on SMCI shares. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $35.00 to $45.00 in a research report on Friday, March 21st. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target for the company. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th.

Super Micro Computer Stock Down 8.3 %

Shares of NASDAQ:SMCI opened at $33.68 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $102.03. The firm has a market capitalization of $19.99 billion, a P/E ratio of 16.91 and a beta of 1.22. The stock has a 50 day moving average price of $40.08 and a 200-day moving average price of $36.97.

Insider Activity

In other news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last 90 days. 17.60% of the stock is currently owned by insiders.

Institutional Trading of Super Micro Computer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC increased its stake in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC bought a new stake in Super Micro Computer during the fourth quarter valued at about $292,869,000. Invesco Ltd. lifted its position in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after acquiring an additional 4,605,260 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.